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Why is Peloton Losing Money?

TheMotleyFool

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Imagine if I told you there was a company that has not only persuaded more than half a million people to spend over $2,000 on an exercise bike, but has also convinced most of those people to shell out as much as $39 per month for video content. Total revenue is expected to be as much as $1.5 billion in 2020, up more than 60%.

"This company must be printing cash," you would think to yourself. "This company must be the perfect company."

But this company is not the perfect company. This company is Peloton Interactive (NASDAQ: PTON). Instead of printing cash, Peloton is lighting it on fire. The fitness company lost nearly $200 million in fiscal 2019, and it will probab0ly lose more than that in 2020.

Source Fool.com

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